Tag: Tax Information Exchange AgreementTax Information Exchange Agreement
By Dean Steinbeck (*) As much as it defies common sense, Uruguay entered into a tax sharing agreement that will scare off Argentine investors; the same group of people who are Uruguay’s biggest source of capital, investment, and innovation.
The recent tax-info exchange agreement reached between Argentina and Uruguay will make many investors in the Uruguayan financial system take their deposits back to “safes” or “mattresses” in Argentina, warned several economists during a conference on the Argentine economy prospects and its influence on neighbouring Uruguay.
Uruguay and Argentina agreed to exchange tax data in a deal that gives Argentine inspectors the power to dig up information on savers with bank accounts in the neighbouring country, officials said on Tuesday.
China and Argentina signed a Tax Information Exchange Agreement (TIEA) in order to improve transparency in the two countries’ bilateral trade and investment.